Canada's Flaherty: despite ECB cut, rates going up over long term

Thu Nov 7, 2013 9:52am EST
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TORONTO Nov 7 (Reuters) - Interest rates are going to go up over the long term regardless of what central banks do now, Canadian Finance Minister Jim Flaherty said on Thursday after the European Central Bank unexpectedly cut rates.

Flaherty also said he did not see any sign of a bubble in the Canadian housing market right now.